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REO Series PART II – Managing & Marketing REO Property | 3 Hours CE ($15)
September 9 @ 6:00 pm - 9:00 pm
Part II – Once you have received the REO property assignment, the first task is to determine occupancy status, secure the property, then assess its condition. Specific forms and timelines are required to begin the property preservation and marketing process which continues for the life of the assignment.
You must visit the property for a thorough inspection inside and out. This will tell you with no doubt what exactly is needed to move the property off your client’s troubled balance sheet.
A detail questionnaire is provided which you will make repair recommendations for FHA financing, renovations and curb appeal. In addition, you must price the property correctly to lower market time and designing an aggressive marketing plan to move it.
Let’s address how to manage vacant property, how to turn your inventory into appealing properties that fit the neighborhood to lower the days on the market and exceed your asset manager’s expectations. It’s a lot to do.
You must take all 4 pre-requisite training which are free CE classes provided by Virtual Properties Realty – Duluth, GA along with 4 of the REO Asset Management series (Cost $15 per class) to obtain your certificate, logo and bank roster.
To register for the other classes: www.classeswithcathy.eventbrite.com – You can take these classes in any order.
September Prerequisite Classes
9/16: Bankruptcy: https://georgiarealtyschool.com/event/bankruptcy-how-does-it-work-types-and-consequences-3-hours-ce/
9/20: BPOs: https://georgiarealtyschool.com/event/broker-price-opinion-working-with-lender-services-6-hours-ce-25/
9/22: Short Sale Expert Certificate: https://georgiarealtyschool.com/event/short-sale-expert-certificate-working-the-lender-homeowner-buyer-3-hours-ce-25-2/
9/30: Homeowner Options in a Financial Situation: https://georgiarealtyschool.com/event/homeowner-options-in-a-financial-situation-3-hours-ce-3/
Note: prerequisite classes will be offered again in October if you miss out on any this month. REO series classes and prerequisites can be completed in any order